More International News

The former property classifieds is transforming itself in the shadow of the Schibsted-Hemnet deal. Bovision in Sweden is transforming itself from an ailing real estate vertical into a property search engine -- the first of its kind in the country. The company has launched a test site and is looking to grow from its current small team of two employees ...
The decision of the British public to leave the European Union is a historic one for many reasons, not least of which was the almost uniform belief that there was absolutely no way that the public would vote to dissolve a partnership that had been in existence since the UK became a member nation back in ...
I bought a house at the end of February, and I still can't decide whether it was the smartest or stupidest thing I've ever done. And I intentionally immerse myself in real estate every day, trying to learn more about the ins and outs -- and the global economies that drive this industry. If I'm this confused, you can imagine how some consumers who don't have a foundation in real estate might be feeling today. On Friday, the news that the citizens of the United Kingdom (UK) had voted to leave the European Union (EU) -- a "British exit," abbreviated as "Brexit" -- almost broke the internet ...
To say that global financial markets were not pricing in Brexit prior to the vote is an understatement. Financial markets have gone haywire overnight, with many recalling the sell-off following the Lehman Brothers collapse in ...
Why (not) to worry about 'Brexit'
by Brad Inman
We all know now that Brexit is not the name of a new breakfast muffin being served at Starbucks. Yesterday, UK voters voted in support of a referendum to decide whether the United Kingdom should leave or remain in the European Union. The anti-EU supporters won by 52 percent to 48 percent ...
Two things above all: Brexit is excellent news for Europe and the world, and the overnight market panic is overdone and not a sign of economic trouble to come. Brexit is the most important European event since The Wall came down in ’89. It also marks one of the all-time greatest no-clothes events in history ...
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New York and LA lead the world for real estate investment
by Britt Chester
New York City is a behemoth relative to the most of the world, especially when it comes to real estate. The Big Apple totaled $14,299,661,253 in sales volume in the first quarter of 2016 - nearly double its closest competitor worldwide ...
So, the interest rate for U.S. mortgage borrowers is determined by London bookies? So it is, and for one more week. And the result, briefly, rising now: U.S. 10-year T-note to 1.55 percent and mortgages near 3.50 percent, both five-year lows (note that overseas money prefers Treasurys to mortgage-backed securities, the yield spread widening) ...
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Juwai.com heading for an IPO in Australia
by Gill South
Executive hires can be a good indication that something is brewing at a company. When the international property portal for Chinese investors, juwai.com, hired Macquarie banker Charles Pittar as its CEO back in January, it was a sign that the company was considering some kind of fundraising exercise. The speculation recently solidified into reality when Pittar confirmed that he is planning to list the company on the Australian Stock Exchange within 12 months ...
So, what’s the big deal with a five-one-hundredths percent decline in the yield on 10-year T-notes? What does sovereign bond yield have to do with anything? It marks the next step in an ultimate global resolution, but one which none of us can predict in timing, character, or scope. But, think big. Earthquake. Tectonic ...
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How to grow a $2.5-billion sales brokerage
by Gill South
When Patricia (Pat) Petersen, Daniel Gale Sotheby's International Realty president, first started in real estate in the late 1970s, almost all of the owners of real estate companies were men. In the '90s -- by then owner of the company -- she and a group of other female company owners got together and created a meeting where they could relax and compare notes ...
Wow. What a difference one Friday morning can make. Or did it, alone? Forget the Fed, unless Friday morning’s employment report, which showed that the economy in the U.S. created the fewest number of jobs in more than five years, is revised. Missed California ...
Moving away from oil dependency -- this has been one of the savviest executive decisions taken by the United Arab Emirates (UAE) government in the recent past, enabling it to shake off the effects of global slowdowns and propel the economy toward uniform growth and stability ...
I’ve worked in the real estate business for almost a decade. While my firm (Macdonald Real Estate Group) is active in residential sales, we also have other divisions including commercial brokerage and leasing, project marketing (new homes and condos consulting), property management and our expanding presence in Mainland China (the topic of several past Inman News articles) ...
Today kicks off HGTV's annual month-long contest (held on HGTV.com), Ultimate House Hunt, where luxury, real estate porn and HGTV converge for 900,000 viewers to weigh in -- or at least that's how many votes were cast in last year's contest. The 2015 contest attracted 82 million page views along with those 900,000 votes, which makes the contest a window of insight into the public's changing taste. ...
Rod Rochowiak, the president of Better Homes & Gardens Real Estate Premier in Washington, D.C., didn't realize that attending a recent Asian Real Estate Association of America (AREAA) event with a Vietnamese colleague would open up a new source of leads for his brokerage ...
Long-term rates improved slightly this week, if anything, but the Fed calculus is changing fast toward rate hikes -- more and sooner than markets are priced for, and perhaps closer to the Fed’s “damned dots” than any of us have thought ...
The world of credit market professionals was rocked last week, even those in the Home for Old Traders, by release of the Federal Reserve’s minutes from its April 27 meeting. A few civilians got a glimmer in minor changes in mortgage quotes, but even in global currency and stock markets the Fed-shock passed quickly ...
The Chinese make up the largest segment of U.S. real estate foreign buyers, and this group's interest is expected to continue growing, according to National Association of Realtors. Agents have a range of different experiences when dealing with overseas Chinese buyers; some are great, and some are not so good. We wanted to share these experiences, so agents understand how to better prepare ...
Don’t get your hopes up. But, you’ve got clients asking, and the national news media is hopelessly lost on the subject, including the financial press. First things first. Negative rates could happen only to adjustable-rate loans. Fixed-rate loans are...fixed rate ...
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